Beal Oil Rebounds as Risk on Rally Takes Hold

Soybean oil prices moved higher on Tuesday jumping higher as the risk on rally took hold. Softer than expected Chinese economic data today led to the notion that the PBOC might further reduce interest rates. Commodity prices have been under pressure, and softer Chinese data will eventually continue to erode bean oil values.

China’s economy slowed in December, reflecting one of the weakest quarters of economic…